Over the past 25 years since gaining independence, Central Asian countries have witnessed rapid development and economic growth. However, the slump of commodity prices and recession in Russia are forcing the region to look for new models of growth. Views about how to tackle the challenges the region is facing today show many similarities. Forging new partnerships and cross – border cooperation, exploring new markets, creating transparent and fair terms for businesses and investors, widening the role for private sector are the key issues currently debated by the policy makers, businesses and investors across Central Asian Region. The forthcoming reforms will shape up prospects for meeting massive investment needs and turning them into big opportunities.
It is hard to overemphasise the importance of Central Asia as the new frontier for international investment and business development. China’s plans to create a “New Silk Road” have the potential to transform Central Asian economies, expand its infrastructure and connect with new markets. The creation of the Eurasian Economic Union and lifting international sanctions against Iran are opening new trade routes.
The European Bank for Reconstruction & Development considers Central Asia as its most important region dedicating its resources to speeding up market transitions. In 2015 EBRD’s investment into Central Asian countries (Kazakhstan, Tajikistan, Kyrgyz Republic, Turkmenistan and Mongolia) increased by 75% and reached to over 10 billion Euro.
Mining and Exploration remained the top recipients of the Foreign Direct Investment in Kazakhstan, Republic of Kyrgyzstan and Mongolia. Despite lower commodity prices, mining sector was the top performer in Kazakhstan in 2015. Is this the right time to invest? Companies need to know that investments in a country and in a specific project are safe, easy to access, and with a clear taxation and royalty regime applied equitably.
Kazakhstan is set on course to changing its business model to attract foreign companies adopting several investment policy initiatives such as the creation of special economic zones, investment subsidies, special treaty for FDI as well as tax incentives. From 2016 investors will interact with authorities on the basis of One-Stop Shop approach. Investors who are applying for licenses and permits in Kazakhstan shall no longer need to visit various ministries or government agencies.
The forthcoming introduction of the mining code and accession to CRIRSCO will help to address Kazakhstan’s issues such as improving reliability of reserves, simplifying the approval schemes, reducing the administrative barriers, providing an integrated approach to administering the preference parameters, improving the mechanisms of state regulation for public involvement in development of inefficient and inaccessible reserves, as well as harmonization with international systems.
Organised under the slogan “‘Mining and Exploration Industries – prospects and opportunities for creating economic growth”, MINEX Central Asia 2016 Forum will bring together on 19-21 April 2016 in Astana (Kazakhstan) government regulators, mining companies, investors, experts, financiers and service companies from Central Asia and overseas.
The Forum will offer in-depth coverage of the evolving mining and exploration trends and developments in Central Asia and the neighbouring states.
The Forum will offer an excellent networking platform for Mining Companies, Service Providers, Equipment Providers and Investors where all interested parties will be informed about opportunities and developments in the mining sector and industries in Kazakhstan, Tajikistan, Kyrgyz Republic, Uzbekistan and Mongolia.
The event will establish a dynamic relationship between government & private sector with full co-operation from other government departments to make Central Asia a favourable pro-business destination.
Apart from the interactive conference sessions, the three-day event will include associated events, trade & investment exhibition, master-classes, business meeting opportunities, networking receptions and gala dinner.
Registration for MINEX Central Asia Forum and Trade Exhibition is open on www.minexasia.com/2016